Jungheinrich completes acquisition of Storage Solutions
The acquisition of Storage Solutions, an Indiana-based provider of racking and warehouse automation services, is seen as providing Jungheinrich with access to key logistics hubs in the U.S. and the opportunity to support its existing European customer base in the U.S. market.
Latest Material Handling News
IFR: robot installations by U.S. manufacturing companies up 12 percent last year Geek+ and System Teknik deploy PopPick solution for pharmacy group Med24.dk Beckhoff USA opens new office in Austin, Texas Manhattan Associates selects TeamViewer as partner for warehouse vision picking ASME Foundation wins grant for technical workforce development More NewsGerman intralogistics pioneer Jungheinrich AG announced today that it has successfully completed the acquisition of Storage Solutions group from Merit Capital Partners, MFG Partners and the Storage Solutions management.
All closing conditions including merger control clearance in the United States have been fulfilled, the company stated. With Storage Solutions, Jungheinrich is adding a strong growth platform for racking and warehouse automation in the United States, the company added. The transaction was previously announced on 25 January 2023. Find more details about the $375 million deal, in a previous news item here.
Founded in 1978 primarily as a distributor of new and used warehouse equipment, Storage Solutions has evolved to work with warehouse and distribution center clients serving a wide variety of industry needs including: workflow optimization and facility design, safety inspections, storage and automation equipment procurement and commissioning, installation, lifecycle services and software.
Article Topics
Jungheinrich News & Resources
Mitsubishi Logisnext partners with Jungheinrich to introduce Rocrich AGV Solutions Digitally assisted forklifts brew up safer production facilities Mitsubishi Logisnext Americas names 2024’s Dealers Of Excellence Jungheinrich provides ASRS solution for Güde Safety for automatic guided vehicle (AGV) environments Jungheinrich officially opens its new plant in the Czech Republic Rocrich AGV Solutions joint venture now in operation More JungheinrichLatest in Materials Handling
IFR: robot installations by U.S. manufacturing companies up 12 percent last year Geek+ and System Teknik deploy PopPick solution for pharmacy group Med24.dk Beckhoff USA opens new office in Austin, Texas Manhattan Associates selects TeamViewer as partner for warehouse vision picking ASME Foundation wins grant for technical workforce development The (Not So) Secret Weapons: How Key Cabinets and Asset Management Lockers Are Changing Supply Chain Operations MODEX C-Suite Interview with Harold Vanasse: The perfect blend of automation and sustainability More Materials HandlingSubscribe to Materials Handling Magazine
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today.
April 2024 Modern Materials Handling
Latest Resources
